Rambam Health Corporation

Analysis

Rambam Health Corporation is a registered charity in United States, based in Israel. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3).

In the financial year ending December 2023, Rambam Health Corporation reported income of $202.6m and spending of $193.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $149.8m to $202.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rambam Health Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile. Charities of a similar size with the same main cause include Upmc ($201.7m), Sierra Nevada Memorial-Miners Hospital ($202.6m) and St Joseph Mercy Chelsea Inc ($201.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $2.0m (1.1% of expenses). Other salaries and wages came to $65.4m. At year end it held assets of $58.6m against liabilities of $56.6m, net assets of $2.0m.